121 Palmwood Avenue
Cherry Hill, NJ 08003
- 3 beds
- 2 baths
- 1,130 sqft
- 7,501 sqft lot
- $287 per sqft
- 1950 build
Turnkey Investment Opportunity (Lease Ends July 2026) – Cash-Flowing & Low Maintenance! Seize this incredible chance to own a tenant-occupied, income-producing property in the commutable Cherry Hill, NJ area! This well-maintained home is a hassle-free investment, delivering steady rental income from day one. With low-maintenance upkeep and a prime location, this property is perfect for seasoned investors or those looking to expand their portfolio with a reliable, cash-flowing asset. Cherry Hill’s strong rental demand ensures long-term value and consistent returns. Don’t miss out on this turnkey investment—secure your next profitable property today! Contact us for details and schedule an appointment.
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Last updated Apr 7, 2025
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MLS# NJCD2089764 —
The Building
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Year Built:1950
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Aluminum Siding
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Structure Type:Detached
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Architectural Style:Cape Cod
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Levels:2
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Accessibility Features:None
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Foundation Details:Slab, Crawl Space
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Basement:No
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:1130
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Above Grade Finished SqFt Source:Assessor
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
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Tax Total Finished SqFt:1130
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:1130
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Living Area SqFt:1,130 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional
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Possession:Immediate
Location
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Directions:3rd Ave and Palmwood Ave
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Latitude:39.86372375
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Longitude:-75.00473785
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.17
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Lot Size Source:Assessor
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Lot Size Dimensions:60.00 x 125.00
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Lot Dimensions Source:Assessor
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Lot SqFt:7,501 Sqft
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Exclusions:Tenant's Personal Property
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Zoning:RES
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (484) 574-0721
- Office phone:
- (215) 627-3500
Taxes
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Tax ID Number:09-00544 01-00005
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Tax Year:2024
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Tax Lot:00005
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Tax Annual Amount:$6,019
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Tax Assessed Value:$135,000
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Year Assessed:2024
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:3
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Bedrooms Main Level:3
Baths
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Total Baths:2
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Full Baths:1
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Half Baths:1
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Main Level Baths:2.00
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Main Level Full Baths:1
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Main Level Half Baths:1
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:Circuit Breakers
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Hot Water:Natural Gas
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Water Source:Public
Schools
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High School:CHERRY HILL HIGH - EAST
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School District Name:Cherry Hill Township Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Palmwood Estates
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:Driveway
Extra Units
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Vacation Rental:No
Monthly cost estimate
Asking price
$325,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,740
|
| Taxes | $501 |
| Insurance | $89 |
| Utilities | $184 See report |
| Total | $2,514/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/3/25
Apr 3, 2025
|
Listed / Active | BRIGHT | $325,000 |
49% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $12k above asking price on average, but some went as high as $35k over asking price.
